tv CNN Tonight CNN May 6, 2014 6:00pm-7:01pm PDT
behavior that went back decades. tomorrow we'll have my exclusive interview with baylor. we planned to have it tonight but ran out of time. he's speaking for the first time since sterling got banned from the nba. that does it for this edition of "360." we'll see you at 11:00 tonight. cnn tonight starts now. welcome to "cnn tonight." an a-list crowd gathers at the beverly hills hotel but they're not there to sip bubbly and discuss showbiz. they are protesting against the hotel owner, after he laid down a positively medieval set of laws back in his country on the other side of the world. laws that would punish adultery, abortion, same-sex relationships with whips and deadly stonings. tonight jay leno's wife, mavis, tells me how she and her husband are fighting back. plus a 20-something intern has an affair with the president in the white house, setting off a scandal that threatens to end his very administration. if you weren't around back in
'98 you might think that's a plot line from "scandal" or "house of cards" but a lot of people around here remember it all too well. monica lewinsky has come out of self-imposed exile tonight to set the record straight on her relationship with president bill clinton. how she went from punch line to a life out of the spotlight as a student in london. and now at age 40, she's telling her story to "vanity fair" magazine. it's a story that has many people talking and many sympathizing as hillary clinton mulls her own aspirations. we'll have the details tonight. and crash, the financial crash of 2008 shocked america, rocked this country's financial system. but the most stunning thing of all may be this fact. it was all caused by risky greedy investment bankers. only one of them went to jail. one. why? how? is this the best our justice department could do? we have a look at the unsettling answers, later in the show. but let us begin tonight with a fight over sha rea law
against american values. one raging to the beverly hills holtz. for generations it has been a luxurious hideaway for the famous and fabulous. many a celeb honeymoon and hangover was built in those lush corridors just off sunset boulevard. i love this photograph, fay faye dunaway. thanks to one of the owners of that pool and that holtel, any woman who shows that much leg in his country today gets six months in prison for indecency, another two years for sipping champagne in public and those are the easy punishments. the man is the sultan of brunai who has three wives, 1800 room palace, vast reserves of oil and natural gas which is how the leader of a southeastern asian nation gets the red carpet from president obama.
you have to wonder how this relationship will go now that the sultan has decried and decided that all the people will live under strict law in his land. here's bringing back that form of islam that cuts the hands off thieves and stones to death adulterers and homosexuals or anyone caught insulting the koran. being a nonmuslim, not a defense, which has to trouble about 25% of people in his nation. back in l.a. when a major lgbt organization caught wind of this, they cancelled a big convex at the hotel. ellen degeneres tweeted her vow never to stay there again. richard branson joined the boycott as did the former sultan of late night, jay leno. >> not a political issue. this is not something that's debatable. it's people being stoned to death. hello! >> as the beverly hills city council meets tonight over this action, we are joined now by mavis leno, long a champion for
women's rights around the world, great to have you here. thanks for taking the time. >> oh, i'm very pleased to be here to talk about this issue. >> how did you and jay discover what was going on there with the sultan? >> i got home from a trip i was on and the following night went to a party with jay where i ran into robbery -- rob reinner. i was very jet lagged. he said to me did you hear what's happening at the beverly his hotel. i said no and he told me what was going on and that people were pulling their parties and so on. i said, oh, wow, that's amazing. walked off. and then about a minute later when my jetlag subsided, i realized, oh, my gosh, the feminist majority, the organization i sit on the board of, is having a fund-raiser
there. in a week. so we of course pulled our fund-raiser from the hotel and threw an incredible combination of luck and kindness from friends, we were able to find another venue for it in time. and that's how i found out and we -- the word just spreads like wildfire, in this community anyway. and so we decided to throw up a kind of a strike and protest in the park right across from the beverly hills hotel. >> oh, is that where -- yeah, i know where that is. >> yeah. >> we talked and the hotel is actually owned by a group called the dorchester collection, and the ceo spoke to cnn today and said, look, we appreciate what you're saying. your message. but the sultan has $20 billion. this is not going to put a dent in him. and who you might really be
hurting are the folks on the wait staff or the front desk who may agree with you, but, you know, just want a job. what would you say to that? >> well, i absolutely feel terrible about the circumstance of these people. you know, i never had any money until i was in my 30s. before that i was broke. happy but broke. and i know what it is to worry about the rent and payments on things and so forth. and i feel very badly. but this is the only way that we can reach the sultan and this is a huge human rights issue. as hard as it is, perhaps, on the hotels that are being shunned, it's a little bit harder to be executed in a public square and stoned to death because you're gay or
sentenced to 100 lashes because as a woman you are accused of adultery. and by the way, rape is adultery there. it doesn't matter what the circumstances are, where the woman was perhaps coerced or violently forced to be with another man. they're not interested in that. that's it for you. and these are a lot more serious issues. and i don't -- you know, i doubt that this is going to go on and on as a situation. either the sultan will decide that the hotel is too much of a nuisance and he'll divest himself, or perhaps he doesn't want to be an international pariah and he will think again.
i have to say to you at cnn, all you people that are reporting the news, i have a big question as to why the sultan of brunei suddenly out of the blue decided to do this, because this is not his history as a person. >> right. he says he's -- >> so what's up. >> he's honoring the 30-year anniversary of independence from britain. strange way to celebrate an anniversary. >> yeah. >> usually you buy some crystal and set off some fireworks. your husband, i guess, one of the advantages of having him around the house is you can get him involved. he framed this quite eloquently, i guess, a couple nights ago. let's listen to jay. >> these aren't crazy feminist wackos, they're women trying to protect other women. berlin, 1933, hello. does it seem that far off from
what happened during the holocaust? >> you know, he also invoked those poor missing 200 plus girls who were kidnapped in nigeria. boko haram, we did the story last night. i know that touches your heart. you've been active with women's rights in afghanistan. >> oh, yes. >> does the power of social media really mean anything, do you think? and what does it take to really enact change on these kinds of huge issues? >> well, i think it's had a definite effect on the nigerian situation because the leader of nigeria was pretending that it was all fine and that they were -- oh, we've taken care of that. and, you know, media revealed it to be a complete sham. and now i assume that he's actively doing something. he may just be acting like he's actively doing something, but hopefully he is taking action.
i can't think of anything more horrific. >> do you think the u.s. government should get involved? >> why is it always the women? yes, i do. >> send troops? >> i think we should put pressure where we can. i don't know about sending troops, but i think we should certainly put pressure on them. absolutely. this is intolerable. you know, a lot of the leverage you have in international things like this is people don't -- people who don't mind being bad people or punitive people don't want to be embarrassed people. they don't -- and they certainly don't want to be international pariahs. and this is why we are doing this with the situation of the sultan and this is why we should put -- our government should put
pressure on the nigerian leader. >> the sultan has shown a sort of taste for entertainers, hollywood entertainers, so maybe the cool kids can peer pressure him in the right way. mavis leno -- >> this is -- yeah, why is he doing it? find that out. >> we're on it, i appreciate it. >> okay. >> thank you, mavis. when we come back, exactly what the clintons did not want to see as hillary considers her own resurgence politically. it is the return of monica lewinsky. details next. i am totally blind. i began losing my sight to an eye disease when i was 10. but i learned to live with my blindness a long time ago. so i don't let my blindness get in the way of doing the things i love. but sometimes it feels like my body doesn't know the difference between day and night. i struggle to sleep at night, and stay awake during the day. i found out this is called non-24,
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try to imagine you're a retired, but active couple living the good life in chappaqua, new york, and mozy to the mailbox one afternoon only to find this. your husband's former flame in "vanity fair." oh, boy. almost two decades after her white house internship began, monica lewinsky is back in the public spotlight saying it is time to burn the beret and bury the blue dress. the now 40-year-old is writing about her very inappropriate relationship with president bill clinton and what it felt like to become the first major sacrifice on the altar of internet shame. she said she deeply regrets what happened, that theirs was a consensual relationship and she says she wants to take back her narrative. none of that likely to be remotely good news to bill and hillary clinton. joining me to talk about all of this is maureen o'connor from "new york" magazine and cnn
political commentator, ryan liza. hello to both of you. i understand you were a young reporter, a week on the job, just as this broke? >> yeah, i got to washington in january of 1998 to start at the "new republic" magazine and this was the first story i ever covered was lewinsky. back then you know how i found out about it? i was walking to work and found out about a headline from one of those boxes where you bought a newspaper. some of you may remember those. no e-mail, no twitter. >> given that your first year as a cub reporter was spent on this story, what do you make of what she writes in this. she comes off really -- you feel for her. >> absolutely. i think it's a very sympathetic piece. i think what's happened here is she realizes that her story is not going away, and she realizes that she kept her head down through hillary clinton's 2008 campaign. she says in the piece that she did that on purpose.
and that recent events have made her realize that if everyone else is going to talk about her and if her story is going to continue to be discussed, then she wants to be part of the conversation too. she has every right to talk about it. >> right. maureen, you -- it's interesting, she says she -- i had to go back and look. she did a reality show briefly on fox. >> she hosted a dating show actually. it was mr. personality where all the guys wore a mask. but she turned down $10 million because people just wanted her to be a spectacle. how has the world changed since then? that wouldn't happen today. >> it's so fascinating when you look at modern sex scandals, like anthony weiner. they're simultaneously more chased. anthony weiner never even touched the women that he was accused of having these sexts with. >> sex scandal with no sex. >> exactly. and afterwards there is this tawdry, sort of pornographic level that these so-called mistresses who never touched him then go on to have this sort of
mistress industrial complex. they make pornos and go on reality shows. with monica she did have a pub list and do ads for jennifer craig, but the actor part of it seems dignified now. >> and people don't hold it against, especially when you're in your early 20s, a sexual mistake as much as people trying to capitalize off of that. she says -- she writes that what really was the impetus for coming back into the limelight was the tyler clemente, the young man who took his own life when he was kissing a friend at school was put on the internet. and when he -- because she was suicidal. >> yeah. she says in the piece that that -- learning about that story, she had some long conversations with her mom, and both she and her mom were in tears hearing that story because she said that for long stretches of time when the scandal broke, her mom would not leave her side because monica lewinsky -- she says she never actually tried to commit suicide, but she often
had suicidal thoughts. and she's careful not to compare herself to tyler clemente. obviously his situation is very different, and she says that in the piece. but she was very clear that that sort of lit a fire in her and said -- she describes what she calls a culture of humiliation in the modern internet culture. partly the reason for writing the piece is that she wants to now publicly speak out on that issue and actually be an advocate. it's not clear from the piece how she's going to do that. but one thing -- and i've read the full piece now, not just the excerpts. but she says she's going to continue to speak out on this issue. it does not appear this is going to be the last word from her. >> what better, more qualified person to talk about internet shaming. how do you think the clintons are dealing with this, are reacting to this? >> well, you know, she makes this -- monica makes an interesting point. she points out a line in one of beyonce's songs. she monica lewinskyed on my
dress. she said no, that's bill clinton's mess, not monica lewinsky's mess. bill clinton is very beloved and there's this back slapping joking about him like he's some kinds of stud or rogue when we talk about him and his sex life. if hillary were to be president, he's the guy giving schoolchildren tours of the white house. it seems to me at least fair to hear monica out at this point. that we sort of re-embraced him. well, let's hear where she is at age 40 and what she now thinks looking back, sort of the first person to go through that gauntlet that we've now created. >> ryan, if she really wanted to hurt hillary's aspirations, she could have timed this much differently, right? >> i think that's right. it's not -- this is very early in the presidential process. i think the question is, is this the last word from her or, as she says at the end of the piece, is she actually going to be speaking a little bit more and is this going to be -- is she going to be a public presence through hillary clinton's campaign. she says that she put her life on hold the last time hillary clinton ran for president and she feels like it's not
necessary to do that anymore. so that -- you know, that suggests that maybe, you know, we're going to be hearing from her more than, you know, through the campaign and it is something that maybe hillary and bill need to deal with. remember, she could have destroyed bill clinton in a lot of ways. i think people forget that she -- the fbi wanted her to wear a wire and go implicate clinton aides and perhaps the president herself. she was, you know, early 20s, in a room in virginia with fbi agents asking her to do that and dropping that, oh, maybe you could go to jail if you don't. and she didn't. so, you know, i have a lot of sympathy for her. she could have really damaged him back then and in the ensuing years and frankly i think she's got every right to speak out. >> do you think that turning 40 might have had something to do with it? first of all, i can't believe she's frozen at 23 for so many in people's memories, but besides the tyler clemente
incident, what do you make of the timing of this? >> you know, it's interesting because all of that initial hoop larks it's hard to judge somebody for the choices they make right after she had the beginning of a career and obviously it fell apart so she took whatever jobs were able to her, being a hostess on tv, whatnot. now all these years later i'm curious to see her reflecting on it and looking back because she's not somebody just reacting to an infamous moment. but she's an adult woman who's had by what it seems to be a normal private life and to see her reflecting on it at this point after the culture sort of caught up to where she is. >> go ahead, ryan. >> i think what's a little sad is from the piece it seems that she tried a lot of different career paths. she went and got a master's degree at the london school of economics. she tried various, you know, normal professions. i get the sense that this is her saying she's never going to escape being monica lewinsky and she might was well just embrace it a little bit more, be public about it, and maybe teach other
people some lessons. in a sense that's sad that she never could really move on with her life and this is an acknowledgement of that. >> all right, ryan lizza, maureen o'connor, i'm sure both of your magazines are jealous over this get, but it was a good one. we appreciate your insight, thank you both. a majority of americans in our latest cnn poll now think terrorists took down flights 370. that says a lot about the link between uncertainty and fear. 59 days after that plane disappeared. one of the 239 on board was paul weeks. i'll talk to his wife when we come back. marge: you know, there's a more enjoyable way to get your fiber. try phillips fiber good gummies. they're delicious, and an excellent source of fiber to help support regularity. wife: mmmm husband: these are good! marge: the tasty side of fiber. from phillips.
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it is wednesday morning already in australia. officials from three nations will meet to plan the next steps in the search for malaysian airlines flight 370. it's been nearly two months since that jetliner carrying 239 souls vanished. a new poll out tonight shows most americans believe, of course, the search should continue. when asked by cnn and orc international if the jet disappeared due to a terrorist or hostile government, a majority, 57%, said that is the likely cause. as we know now, an extensive search of part of the southern indian ocean where investigators believe that plane went down turned up nothing. so officials from australia and malaysia and china will analyze data collected so far, determine what resources are needed going forward and among those still keenly interested in those decisions and this search is danica weeks. her husband was aboard flight 370 and she joins us exclusively tonight via skype.
danica, good to see you. thank you for joining us tonight. how are things changed, if ever, since last we spoke? how are you doing? >> look, things have gotten worse. it's gotten harder as time as gone on. to be honest, i was confident -- i was meeting every week and i was confident they were going to find it in this high priority search area. obviously they haven't. i've been preparing emotionally and physically too to prepare a memorial for paul. look, now that they haven't found anything, i'm back to day one. we're still 59 days he walked out that door and we've still got nothing. we're still back right where we were to begin with. >> have the authorities, the searchers, been any more communicative with you? do you get any more updates on a
regular basis? >> look, they were bringing me daily while here in perth and with the bluefin 21 and the priority area, but since they found nothing there, you know, i think they're as confused as the rest of us because they were so confident they would find something. and look, now it's prudent for them to go back and have a look at this information again and now i sort of haven't heard from them since then. obviously they're regrouping. but they had been keeping me in constant contact with anything that they had come across. but, look, their confidence waned as days went on. as i said, we're back to square one. so look, it's great that they have regrouped, it's important they do that because we as families, it's harrowing.
this is 59 days. and i still have no idea what happened to paul. >> what do you think happened? do you have any gut feeling? >> look, i can't -- there's so much conjecture and there's so much media reporting and, look, this report that's come out is contradicting statements, the authorities, malaysian authorities made in the early days. i just -- i can't allow myself to think about what might have happened. look, the most i can think that something did happen to the plane and to me from what i've read, it looks like he obviously tried to turn the plane around to try to get back to kuala lumpur but, look, my guess is as good as anybody's. that's all we have is theories at the moment. and which one is right? i hope we find out.
>> we were just looking at some beautiful wedding photos with you and paul. i know you have two little boys. 10-month-old jack. lincoln is 3. does he understand what's happening? >> look, no, he doesn't. how do you explain to a 3 1/2-year-old that his father is not coming back? he can't -- that's the hardest part. he cries every day for him. he knows he's missing from his life. paul was a very hands-on father. and he just can't get the concept that daddy isn't coming back. and that's just got harder and harder for me. this is -- you know, for the families, everyday things are hard to do. my mother has been looking after us all for the last 59 days. i find it incapable to do even the smallest of things. so it's just getting harder.
and, look, he -- he doesn't -- you know, he just keeps asking every day where is daddy, where is daddy, why doesn't he come back? i just have to reassure him. but he's emotional about it. jack is 1, so he's not sure -- he doesn't know what's going on, but it's definitely hard with lincoln. >> they say that time rubs the edges off the hurt but certainly not in this case. our hearts really go out to you and your boys. thank you for sharing your story with us. >> thank you. >> danica weeks joining us from down under via skype. when we come back, a crisis in eastern europe, as vladimir putin on the verge of another land grab? is there anything washington can do about it? senator marco rubio joins me next.
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kiev says its campaign to rout pro-russian militants from the city of sloyvansk left 30 militants dead. the men in the masks now occupying government buildings across that eastern part of the country vow to defy their capital, hold a referendum on sunday asking locals if they want to break away from the capital, form their own government. the white house is rejecting that as an effort to divide the country. meanwhile the u.s. allies in europe backing the presidential election set for may 25th. but russia's powerful foreign minister questioned the wisdom of an election while streets are burning and bullets are flying. and joining us now, republican senator from florida, member of the senate foreign relations committee, marco rubio. senator, thanks for being with us tonight. >> thank you for having me. >> so what is your assessment of what's happening in ukraine? the german foreign minister warned citizens to leave the eastern part of that country, saying military confrontation is just a few steps away.
what's going to happen? >> well, a couple of things are already happening. first of all, the russians are continuing to try to establish a unified political arm of pro-russian elements within eastern ukraine. you're seeing that evidence. in addition to that they have called for this may 11th illegal referendum on separating from ukraine and declaring independence, which is the same model they followed in crimea. in fact you see all-out efforts by the russians to control the entities and the institutions that would carry out those elections. so i think the likeliest outcome, and i hope that i'm wrong, is a replay of what happened in crimea. which is they would have this vote on sunday or sometime thereafter and then the russians would claim that it's pro-russian elements within eastern ukraine that are asking to be annexed and unfortunately then they would move to do the same thing they did in crimea. i think right now that's where we're headed. if you look at some of the rhetoric coming out of moscow, they're starting to use this term called new russia, which is really a 19th century term for eastern ukraine, so it's really
troubling. >> you wrote an op-ed today calling for more aggressive sanctions right now. but see these guys, you know, in their four-door sedans with their machine guns and their ski goggles, will sanctions really have any effect on this sort of war by proxy? >> well, i have called for more sanctions. the op-ed today was about encouraging ukraine to set up a currency board, because their currency has devalued by almost 38%. so one of the things that ukraine needs to do in order to establish independence and sovereignty is to get that currency stabilized. so i have called on the u.s. to encourage them to set up a currency board to be able to accomplish that. as far as the sanctions are concerned, look, i think the dispute with the administration, and you saw that a little bit today in the hearing we had here in washington, is the administration kind of wants to wait and impose these sanctions if russia does anything further with regards to eastern ukraine. in my mind, i think we already know what's going to happen here and i think the sanctions ahead of time would clearly influence
the cost benefit analysis. that's where i think it would matter. right now vladimir putin has concluded that the benefits of doing what he's doing outweigh the costs. we have to change that calculus. >> but i've heard some of -- well, some people across the aisle also on your committee say if you spend too much on sanctions now, putin will think i've got nothing left to lose, we might as well roll those tanks across the border. do you worry that too much intervention right now might antagonize things? >> no. first of all, i don't think he needs any further antagonizing. i don't think this has anything to do with being antagonistic. i think putin wants russia to be a great power and that means the ability to have control overall those countries that neighbor him, particularly those that were once part of the soviet union. as far as waiting for those sanctions to be imposed, i actually think they're more effective if they're done ahead of time. it clearly sends a message to the people around him and the people in russia that there are significant consequences for
this thing that putin has taken on. >> i'd like to ask you about another topic, big report out of the white house, this climate change report the president put forward. 300 scientists saying this is not a future threat, it's happening right now. in fact here's president obama this afternoon. >> this is not some distant problem of the future. this is a problem that is affecting americans right now. whether it means increased flooding, greater vulnerability to drought, more severe wildfires, all these things are having an impact on americans as we speak. >> do you agree with that urgency? >> you know, listen, i think severe weather has been a fact of life on earth since man started recording history. i understand that there's a vast consensus of scientists that are saying that human activity is what's contributing to changes in our climate. i think it's an enormous stretch to say that every weather incident that we read about or the majority of them are attributable to human activity. here's what we need to dedeuce as policymakers. that's what the president is,
he's not a meteorologist. here's what the president needs to be focused on. he's proposing a certain set of policies that he would have to admit if questioned will do nothing. if in fact these scientists are right and it's greenhouse gas emissions that are changing our climate, none of the things he's proposing would do anything to change that whatsoever, but it would have a devastating impact on our economy. we both desire at the end of the day to have more efficient fuels that are domestically produced and cost less money. >> senator rubio, appreciate your insight tonight. thanks for being with us. >> thank you. and when we come back, too big to jail. millions of americans paid a hefty price for the crash of '08, but only one banker did. we'll tell you why when we come back. of complete darkness.
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with time in jail because after all that has been the case in history. after the crash in '29, the hearings went after the fattest of wall street cats. later the head of the new york stock exchange was sentenced to ten years in sing sing. after the savings and loan scandals of the '80s, 1100 people were prosecuted. when the tech bubble burst in the '90s, executives from enron to worldcom, tyco all traded their power suits for orange jump suits. even martha stewart did time. in the painful years since the great recession, after so many jobs lost and lives hurt, the grand total of bankers behind bars tonight is one. one. and even the judge who sent him away admitted he is, quote, a small piece of an overall evil climate within his bank and within many other banks. to try to figure out why, jesse spent a year digging into the system and is here to tell us what you found. great to have you. congrats on the big piece in the "new york" magazine.
who is kareem serageldin. not exactly al capone. >> not a household name. they got the guy who caused the financial crisis. >> that's him. he's paying for the sins. >> he was an executive at credit suisse. he structure andy oversaw traders who structured and traded complex mortgage securities. he was four rungs from the ceo, and he is the highest ranking wall street executive to go to prison for crimes related to the financial crisis. >> it wasn't exactly a perry mason case in the courtroom because he pled guilty, right? >> right. credit suisse walked the case into the u.s. attorney in manhattan and that's the way they got him. he pled guilty and there was no trial. >> and he owns it, right? >> yes. you know, unlike these guys who really are angry about being called banksters, you see a lot of self righteousness from bankers, but in fact he said to me i'm guilty. i want to pay my debt to
society. i think he felt true contrition. and there's no question he's guilty. >> now, if you go back to why it is that he's the only one, it's interesting. so the justice department had success going after mafia families, right? as organizations. they thought, hey, why don't we go after entire corporations instead of individual white collar guys, right? >> right. it's a scandal. but it's a scandal that has a lot of roots in the mistakes and fiascos the department of justice has enkuincurred over t last ten years and adverse rulings from the courts. what happens in the wake of what you talked about, the enron, worldcom, tyco successful prosecutions, then they go after arthur anderson, the famous -- >> accounting firm. >> -- accounting firm that enabled enron and arthur anderson goes out of business after they indict the firm and the department of justice learns this horrible lesson which is don't do this, don't indict companies. >> because thousands of people lost their jobs.
>> yes. >> and there was bake lacklash. >> there was a backlash and terrible consequences of this. on the other hand, arthur anderson was a resyd vis firm. they had overseen not only the bad books of enron but also waste management, sunbeam. they were recidivists and they destroyed documents. so when you confront were resid. and they destroyed documents. when you confront this, prosecutors need to meet out justice. so there's blow back, it slings the other way. and prosecutors lose their edge because just getting a settlement is a career went and you never have to go into court and learn how to get a guilty verdict. >> yes, it's been an insidus b i
biproduct. so once they figure they really can't go after corporations, they tried to shift to go after individuals but only a series of fiascos and mistakes. they realized and lost the ability to prosecute the people at the top echelons of corporate america. they can get small fries but not the ceos and cfos of the biggest corporations in america. what is interesting, it feeds on itself. so the crash happens, government goes into belt tightening mode, right? so fbi has dozens of agents. the postal service has, right? >> yeah, they had an elite unit in manhattan that did complex financial investigations. that got wound up. the department of justice had a hiring freeze so they couldn't back fill positions. so there's been a terrible resource constraint through the department of justice just at the moment when they really
needed to gear up. not only had they had problems and fiascos, they had things like the ted stevens conviction of the senator from alaska. all these things and then all of a sudden they have the resource constraints and they can't really work within the systems they have. >> we will take a break. i want it take about this thing where they are laundering money for cartels. business for iran. but lessons learned and things change. stay with us. >> we'll be right back. azor. ch. we can save big on killer hotels with priceline express deals. somewhere with a fitness center? hey you know what man, these guys aint no dragons. they're cool. these deals are legit. yeah, we're cool. she's cool. we're cool. i'm cool. hey, isn't that razor's old lady? not anymore. priceline savings without the bidding. sfx: car unlock beep.
tell me a little bit about the last few times you've taken the biggest financial institutions on wall street all the way to a trial. anybody? >> we do not have to bring people to trial or an -- >> i appreciate that you say you don't have to bring them to trial, my question is, when did you bring them to trial? >> we have not had to do it to achieve our goals. >> little stammering there from elizabeth warren from her first committee meeting scolding these guys. are there any lessons learned? do you see these guys toughening
up sh. >> i see them trying to respond to the political pressure. they are making noise that they will actually distract guilty pleas from large banks. now the large banks we are talking about happen to be foreign banks, not foreign banks. easier to bring charges against foreign banks and credit suisse. we are looking for cultural change and customs charged. >> drug cartels, a six-year investigation. busti busting sanctions with eye iran libya. are they afraid juries couldn't understand -- >> they were confused by a lot of things but hsbc was something a jury could well understand.
trading with enemies, trading with the guy who cuts peoples' heads off and puts them on spikes, that they can understand. but hsbc, the collateral damage, specific problems if they indicted the firm. an they decided that well, the bad actions had take n place fo so long, they couldn't find individuals to charge. they threw up their hand and had this defer heed prosecution rather than an actual indictment. rather than individuals. >> if all of this angers you, you will love the fact that today the top 25 hedge fund managers in the country had record take-home pay. $21 billion and stevy cohen is number two on that left? >> right. stevy cohen ran fac capital. now eight employees. fac capital have been found and charged with insider trading. they had to change the name to
an office running just his money. his money is multibillions of dollars. the punishment for running a criminal operation is that he gets to earn $2.5 million -- excuse me, billion dollars last year. i think that's the kind of thing that most people would like to be punished that way. >> is there any way it fix that? can someone get cajones to do something about that? >> well, they could have taken the courageous step but they didn't p. they are incapable of prosecuting top level guys. these guys insulate themselves so much, that they haven't figured out to pierce through prosecutions. but it is also because they are afraid of losing. the u.s. attorney in manhattan, he is 80 for 80 for insider trading cases.
a gorgeous record, unblemished record and he doesn't want it blemish it with the marquee prosecution. >> and what one-word adjective would you use to describe this? >> gutless. >> gutless. jesse, great reporting. that's all for us tonight. cnn special report with don lemon starts right now. this is a cnn special report. i'm don lemon. tonight, an iconic face of the 1990s resurfaces after years of silence. monica lewinski speaks out. also, a legal word brewing in the donald sterling saga. the reported owner is on the hunt for an all-star legal team. we could be in for a long hall. tennessee state senator refuses to apologize for comparing obama care to the holocaust. and rushes to apologize for -- well, you just have to see it. >>